Lawyers LOVING The Wall Street Collapse*

Even though Lehman and Merrill's recent developments will lead to a raft of firings, they will produce a lot of work for the lawyers (and bankers) hammering out these deals. Here's a rundown of who's working on what.

Dealbook: Lehman has hired Weil, Gotshal & Manges, the law firm that handled Drexel’s bankruptcy filing. [Drexel was the last major investment house that filed for bankruptcy.] Harvey Miller, the head of Weil’s restructuring practice, is known as one of the deans of the bankruptcy bar.

Sullivan & Cromwell is also representing Lehman in the sale of its broker-dealer and asset-management divisions, according to The Deal via Above The Law.